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20100430
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CNBC 19
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English 19
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CNBC
Apr 28, 2010 4:00pm EDT
in north america and not an asian story as it was north america. and dupont yesterday notably raised their guidance. trish, back to you. >> yes, they did. thank you, bob pisani. >>> well, the stocks tacked on more gains after the fed announced it would kitsch raeep unchanged, but how long should the fed spur along here? what is ahead for your money? we will get more from david kelley, chief market strategist at jpmorgan funds, and then we also have michael yoshikami, president and chief investment strategist at ycm wealth investment strategies. so, i will begin with you, mr. kelley, what is your take on the european debt situation and how much of a problem for the u.s. markets? you saw not a big reaction on spain today, but you had greece and portugal cut yesterday, and we did see a bit of a sell-off. what is your take as we move forward? >> well, it is really a threat. i mean, what i worry about is the politics here. the reality is that greece is too big to fail. and, you know, i think that the reason we did not sell-off after spain is that people realized that the gains are almost
CNBC
Apr 26, 2010 4:00pm EDT
and citigroup and all of the big names, bank of america, are weighing on the dow and weighing on the s&p 500 in fact, and it is at this point clear that financial reforms and the aftereffects of the goldman sachs' lawsuit is definitely weighing on the big cap financial names. today was also the very first day we saw some weak innocence some of the regional finance names which are not as affected by the whole issue surrounded by financial regulatory reform. nonetheless, the dow jones industrial average acting out a small 3-point increase. "closing bell" is next with maria bartiromo. >>> and it is 4:00 on wall street, and there's the closing bell. breaking news before we get to the show on what goldman sachs' lloyd blankfein will say tomorrow when he testifies to congress. mary thompson with the preview and the script. mary? >> maria, in his testimony before the senate subcommittee tomorrow, goldman sachs' ceo lloyd blankfein will say that the day that the s.e.c. filed fraud charges against the firm it is one of the worst in his professional life. he goes on the say that he strongly disagrees
CNBC
Apr 16, 2010 4:00pm EDT
look at the american expresss and the bank of americas and there are weak spots in all of the financials. i want to point out deutsche bank which is another big player in the cdo space, and noticeable how much weak than the rest of the market, and goldman and citigroup down as well. and looking at the materials first. >> and some of the issues to stop you there, some of the traders i talked to theday said they question whether or not this is the tip of the iceberg, and that why you are seeing additional sell-off within some of the other big financial names. i mean, who knows at this point. >> we don't. but remember, there were not a lot of enormous players in this cdo space. there were several big names involved and we saw two of them that moved to the downside aggressively. i wanted to note that the materials were weak because the commodities fell apart at the same time and never really recovered here. again, this whole political part of this, and i can't emphasize this enough, it was a major issue on the street. the president came out and said that people who don't su
CNBC
Apr 15, 2010 4:00pm EDT
a look here as they lagged for the first time in i don't know how long. bank of america is reporting tomorrow, but it is important, because they are on the upside. and g.e., our parent, is reporting on the upside, and citi was hitting at $5 and over it, but fell down late in day. maybe some resistance there, and remember, we are getting the options expirations and a lot of option activity around the $5 strike. jpmorgan to the downside. and caterpillar, great economic data out of china, and the strong new high for caterpillar and the homebuilders on the mixed side, but they had a big move. finally, maria, we are waiting for and to come out, and we are waiting for the new data on that, but it is at a 52-week high. >> well, in the market found, we saw the market find some strength extending the winning streak to six days. is there still time to put more money to work? meanwhile, one money manager said earlier on cnbc, he thinks that the investors are in the midst of a unique opportunity. >> i think that it is a historic buying opportunity. the, we have got slack resources in the economy
CNBC
Apr 21, 2010 4:00pm EDT
we saw the stocks droop a little bit and the big financial stocks like bank of america and jpmorgan and citigroup. bank earnings are coming into trend simple here. credit trends are improving and that is the single most important thing that the stocks trade on, and the biggest banks are also doing really well in terms of the trading profits of course, especially on the fixed income. here is one problem that i saw. i don't see any long growth. wells fargo said that specifically, and we better start to see it in third quarter at the latest or troubles here. overall, the rest of the market, demand is improving and top line is improving and looking at the companies, and seagate has record shipments, and united technology, and temple-inland who make the corrugated board that everybody sends out, and packaging, the volumes rising and trucking and c.h. robinson and shipping volumes up 22%, and these are excellent numbers and the airline airtran said they are experiencing significant passenger demand. we had some weak innocence ness health care such as gilead sciences who had a disappoint a
CNBC
Apr 22, 2010 4:00pm EDT
did in the convention that there is no red america or blue america, there is just america. he said that we don't have to pult settle for stifling markets, and new regulations would make the markets work better. >> our system only works better and our markets are only free when there are basic safeguards that prevent abuse, check excesses, that insure that it is more profitable to play by the rules than to game the system. that is what the reforms we have been proposing are designed to achieve, no more, no less. >> reporter: well, maria, the president went on to ask those in attendance including some business executives to do it for their country and get behind and call off the lobbyists and get behind the financial reform push, and some are sympathetic. some we talked to afterwards said it would not kill the golden goose, but others have a different view, but maria, it is looking to move forward and the democrats and the republicans are getting closer to a compromise and the bill may hit the senate floor and get a procedural vote early next week. >> we want to get a reaction from a
CNBC
Apr 9, 2010 4:00pm EDT
expectations yesterday and raised the outlook. abercrombie and fitch got an upgrade today from bank of america, merrill. and also, today, an ipo and maybe not as well as some folks would have liked, and the stock opened lower and perhaps overpriced as some on the program earlier on this program did in fact say, but the market clearly for ipos has picked up after what was a dismal 2009, and people see that as a positive sign as well. maria, i will hand it back to you and say that the last time we closed above 11,000 on the dow is september in 2008, and we failed to close above that level, and now i think that everything is going to come down to earnings season which kicks off monday with alcoa, and as we said that stock was downgraded a couple of times this week, so i would say there is a little psychological impact that could be right off of the bat here in the earnings season that we may get a disappointing report from alcoa, which is at least what some on wall street expect, and the impact going forward. >> well, the expectations have been drop and people have the expectations high out there
CNBC
Apr 19, 2010 4:00pm EDT
them beating the estimates. if you look at jpmorgan and bank of america and citigroup's results from the investment banking units and revenues for them are up about an average of 94%. so that is setting up very well for goldman sachs. but number two, the most important thing tomorrow is that goldman sachs is going to have to have a chance to dispel the snoegss of fraud. it is going to give them a chance to clear the image and it is nothing but swash buckling capitalists with tactics out there, so we see it as an opportunity for them to clear the air. >> gentlemen, we have been reporting that goldman sachs has been reaching out to clients all weekend and today, and i have obtained the goldman note to clients, and we have posted it on my cnbc blog, and that is cnbc.com/investoragenda, and we hope you will go to see it, and the talking points that goldman is discussing and reaching out to the clients. >>> citigroup is reporting a surprise of a profit first quarter after losing $7 million the year earlier and we will look at the comeback by vikram pandit and how he has been able to guide
CNBC
Apr 23, 2010 4:00pm EDT
corporate america, because they were impacted, too, but individual americans and small business owners who bought securities based on the aaa ratings? >> well, right, but i find it surprising that none of this is in the bill on chris dodd's desk? >> correct. that is the question of the hour, maria. so, he talks about that, and why the s.e.c. regulated firms are exempt from the consumer finance protection agency? again as you have heard me say before, he is targeting the easy target which is the fdic traditional banking world, so by exempting and not taking on the rating agencies, do we really have reg reform in america, maria? >> well, what do you think about that? let's talk about that, joules. do you agree with that? we should have some rating oversight in the bill that is being talked about? >> well, there is ratings oversight, and the s.e.c. has a group who does a good job with this, with a relatively small staff. i suggest the following which is the approach we are going if take. the financial institutions who control pension funds, corporate pungs funds and private pension funds and
CNBC
Apr 12, 2010 4:00pm EDT
time out, and certainly a lot of questions about corporate america's willingness not just to hire as opposed to obviously not just to stop firing. >> well, dan greenhouse, having said all of that, do you want to be putting money to work in the environment as well, even after the big move we have seen on the upside for stocks? >> well, i think that to tony's point in the immediate term, things are setting up that suggest that perhaps the market is due for a little pullback here, but timing those are, timing that is impossible, although one i would cite is since the end of the last earning season the s&p 500 is up around 11% or 12% so far which is the best intraseason earnings appreciation for the market, but in the longer term for the next couple of months certainly, the bias is higher, but i'm not ready to get on board of tony's 1500 call. but certainly, our theme has been economically and investing wise what worked yesterday is working today and working tomorrow. >> all right. so what do you want to be avoiding then? >> certainly the sectors lagging, they are k k l k laggia reaso
CNBC
Apr 13, 2010 4:00pm EDT
39% increase from just a year ago. >>> also, ford's america's president mark fields, telling reporters the automaker's revenues were higher in the first quarter, thanks to a 37% jump in sales during that period. ford didn't provide exact numbers, but will do so later this month when it's expected to report its fourth consecutive quarterly report. ford has been the big winner here from toyota's troubles posting its largest quarterly market share gain since, get a load of this, 1977. >>> well, it is day two of earnings season and both of my next guests here are expecting strong results for the first quarter. but has the market fully priced in a positive outlook? joining me -- joining me to discuss, we have larry adam, chief investment strategist at deutsche bank, private wealth management, which manages more than $260 billion. also, david kovacs, chief investment officer at turner investment partners. turner has more than $20 billion under management. david, what do you think? i'll kick it off with you, your sense of this market right now? >> well, i think that we've had a heal
CNBC
Apr 20, 2010 4:00pm EDT
's able to do, not just here in north america but in terms of their penetration overseas. and to the extent that apple is a consumer-driven stock, arguably, if we see international growth being stronger than expected, says things are good for the consumer, not just here. recovering domestically, and also growth outside of the u.s. >> we'll wait there because apple's really moments away. our expert team is standing by to bring us instant analysis and reaction to the numbers. we're going to look at apple computer in terms of what it tells us, not just about the consumer, but as you said, about the international community, correct? >> very much so. >> yeah, because the revenue is -- how much of the revenue? coming out of international markets out of apple. >> still coming in i think slightly under 50%, and so a lot of room here for apple actually to expand as a company, as it takes its footprints, moves outside of the u.s. and becomes more of an international name. >> i see. okay, the stock obviously has been doing well. we're going to continue talking about it because the n
CNBC
Apr 1, 2010 4:00pm EDT
's going well. our business in europe is growing quite well. and here in north america, we're also growing. >> all right, we will leave it there. jim, thank you very much. >> happy easter. >> happy easter to you as well. we appreciate you joining us as well. is google undergoing an identity crisis? we're going to find out why the popular on line search site changed its name today when we come back. stay with us. ♪ at the end of the day in sitka, alaska, everyone awaits the return of the fishing boats. ♪ their safe arrival is highly anticipated, ♪ as is something else. a shipment of natural sea salt from cargill, essential for preserving the catch. we deliver the salt on precise schedules... and ship it efficiently all along the alaskan coast; saving the fishermen money, and their catch. this is how cargill works with customers. >>> google's relations with china are strained these days, but the company has nothing but love for one midwestern u.s. city. today april 1, google says it's changed its name to topeka, in honor of the city's announcement last month that its new name will be g
CNBC
Apr 5, 2010 4:00pm EDT
productive power within america, its small or medium sized businesses. and we'll be looking at whether it's still safe to bet on brazil. that and an awful lot more coming up here with the traders from the nasdaq marketsite at 5:00. back to you. >> the masters kicks off thursday. all eyes are on the golf world, squarely focused on tiger woods today. he took questions from the media. find out what he's saying when we come right back. stay with us. you're watching krrngs fircnbc, business worldwide. ♪ as you can see, this isn't your typical midwestern farm. the reason lies six thousand miles away... in japan, where a producer of specialty eggs needed corn for feed... grown to precise standards. cargill identified the producer's needs, then introduced an illinois farmer to grow the exact corn needed... and developed a system to ship it separately, connecting the farmer with a japanese customer... who was very appreciative. this is how cargill works with customers. >>> welcome back to "the closing bell." i'm phil lebeau with breaking news. a statement from toyota regarding the record fine th
CNBC
Apr 6, 2010 4:00pm EDT
america's most successful investors. announcer: trade commission free for 30 days plus get $100 cash when you open an account. >>> a look at today's business headlines. ray lahood says the government is now examining more than 70,000 documents to discover whether toyota has any other safety violations. on monday toyota was fined a record $16.4 million to waiting four months before disclosing a pedal flaw. >> i think toyota was safety deaf, i think they have a very bad business model. i told that directly to mr. t toyoda when he came to my office in washington, d.c. they know they have some serious, serious issuings, not the least of which is violating safety laws that they need to account for. >> and a federal districtius that the red wax seal coating is a well-known and valid trade market. it prohibits diageo from using a similar mark on its tequila bottles. >>> rescuers are trying to find four men. massey stock today very heavily traded. hampton pearson brings us the latest on the rescues. >> particularly the high number of violations at the mine where the latest tragedy has occurred. l
CNBC
Apr 8, 2010 4:00pm EDT
hospital chain in america, and for leveraged buyout plans to offer a public leverage between 4 and 4.5 billion worth of stock. that is easily the largest ipo that the market has seen in many years if of course it proves successful. they will file with the s.e.c. in mid-may say people close to the company with the expectation of hitting the market in july. hca's owners include merrill lynch and bane and company and the frist family all of which have overseen what is going to probably be a very successful leverage buyout. if you remember hca was the first in a wave of mega buyouts and perhaps by being first, it has proved to be one of the more successful ones. right now people close to the company say they estimate the enterprise value at $40 billion and that includes $25 billion in debt and much of course that taken on when the company went private four years ago and a $15 billion equity value. so certainly, the owners of the company right now won't be exiting in their entirety in any shape or form, and that will happen over time. nonetheless, a strong reflection of the strength in th
CNBC
Apr 14, 2010 4:00pm EDT
that the top line growth number is going to be the key number to watch here. we all know that corporate america did a great job in getting lean and seeing the recession and sort of reacting to it for the most part. the fact now is when are we going to see some of the revenue growth? nobody cut their way to prosperity, and we have worn that cliche out pretty well lately, but that is is a fact. we need to see some revenue growth. i pointed out u.p.s. revenue growth of 7% is not, i mean, it is not for a multinational company that is in some pretty significant growth areas in a big way, 7% revenue growth is nothing to blush about. >> well, i would say that after the last couple of years, we will take what we can get and we have to turn somewhere. matt, thank you very much, matt nesto. we will talk much more about earnings season and how it will help the markets to move higher from here right after this break. don't move. >>> time now for "going global europe." >>> hello, i'm louis is a bojesen. tomorrow, the top two think tanks in germany will give us more clarity on the economy in europe. and the
CNBC
Apr 30, 2010 4:00pm EDT
estimates that the impact on the bottom lines will range from 2% to 4% on bank of america to hefty 8 to 12% for goldman sachs. these are guesstimates right now and too many variables for an exact number other than to expe expect, it is a fairly sizable one. >> thank you, mary. meanwhile today, the home buyer incentive is expiring today. diana olick is joining was the realty check assessing how the market looks after that tax credit goes away. diane in? diana you are on. she does not hear me, so we will be back to her momentarily, but we know of course that tax credit ends today, and there has been a lot of speculation as far as what happens once that stimulus goes away and whether or not people have been actually taking up the activity in terms of housing while they can get that benefit. what happens when it goes away? diana olick is in washington. do you hear me now? >> yes, i do, maria. sorry for the technical snafu on a friday afternoon, but no question that the big push is on. in fact, over an hour ago we watched a guy cash in on the credit. he is eric smith, a teacher out in west virg
CNBC
Apr 27, 2010 4:00pm EDT
, if not the biggest inestment banker in america is now making money trading as opposed to investment trading. >> i don't think it should concern you. again, it is based on largely making markets for our complaints and helping the capital markets operate. that's a good thing for the growth of a country. >> why didn't you sell the securities or cancel and cell the cds. >> it's a good question. in some cases we did. that seems to me. i agree with senator coburn, selling short is good. all the other things. i've done it. it's fine. what most people do is you reach a point where you decide is that your long position is risky. and as someone smarter than me once said, the hardest thing is not the decision to buy, it's the decision to sell. >> no question. >> so most people you get into risk position, you have a mismeeting. you say, all of us do in our own personal investing. i have investment in stock a, b, c. i don't like the new earnings on it, sell it. >> it's a risk/reward judgment at the time. you make an assessment of what you could sell it for versus what it could cost to put it in an offsetting posi
Search Results 0 to 18 of about 19